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15 Dec 2014
NZD/USD hovers around 100-day SMA
FXStreet (Mumbai) - The New Zealand dollar extended losses against its US counterpart for the third straight session as upbeat US data on Friday buoyed the greenback.
The NZD/USD pair trades lower at 0.7749 levels, down -0.37%, compared to previous session’s close of 0.7755. The kiwi trades lower today after US consumer sentiment figures released on Friday touched an eight-year high which boosted the US dollar, knocking down the NZD/USD pair. The kiwi also remains pressured ahead of a string of US economic data due for release later in the day.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7774 (20-day SMA), above which it could extend gains to 0.7792 (50-day SMA) levels. To the downside immediate support might be located at 0.7727 (Dec 4 Low), below that at 0.7697 (Nov 3 Low) levels.
The NZD/USD pair trades lower at 0.7749 levels, down -0.37%, compared to previous session’s close of 0.7755. The kiwi trades lower today after US consumer sentiment figures released on Friday touched an eight-year high which boosted the US dollar, knocking down the NZD/USD pair. The kiwi also remains pressured ahead of a string of US economic data due for release later in the day.
NZD/USD Technical Levels
To the upside, the next resistance is located at 0.7774 (20-day SMA), above which it could extend gains to 0.7792 (50-day SMA) levels. To the downside immediate support might be located at 0.7727 (Dec 4 Low), below that at 0.7697 (Nov 3 Low) levels.